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What will be the total AUM of the spot Solana ETF by the end of 2024?
3
Resolution / Starting Odds
Less than $100 million • 25%
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Official AUM data from the ETF provider or exchange
Story
Brazil Approves World's First Spot Solana ETF
Aug 8, 2024, 05:41 AM
The Brazilian Securities and Exchange Commission (CVM) has approved the launch of the world's first spot Solana (SOL) exchange-traded fund (ETF). This approval marks a significant milestone for the cryptocurrency market, as it is the first Solana-based ETF globally. The ETF is expected to begin trading in August and will be managed by QR Asset with support from CME Group. The ETF will track the CME CF Solana Dollar Reference Rate and is pending final approval from the Brazilian stock exchange, B3. It is anticipated to be live within 90 days. This development is seen as a bold step towards diversifying investment options in the cryptocurrency space.
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